Harikrishna R Paniker, Credit Control Manager

Harikrishna R Paniker

Credit Control Manager

Abu Dhabi National Insurance Co

Location
Saudi Arabia
Education
Higher diploma, Certified Credit Risk Professional
Experience
22 years, 1 Months

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Work Experience

Total years of experience :22 years, 1 Months

Credit Control Manager at Abu Dhabi National Insurance Co
  • United Arab Emirates - Abu Dhabi
  • My current job since January 2017

Major Achievements:-

Designed a sophisticated credit policy in line with SAMA & CCHI .
Improved collections drastically.
Record collection made in December for SAR. 102M.
Kicked off the project live with Saudi Credit Bureau on reporting defaulters.

Other KEY responsibilities:-


Manage & Supervise the Credit Control Team.
Conduct monthly audit on policy issuance & claim settlements to emphasize that they are made in line with the existing Credit Policy of the company.
Monthly Credit Control Meetings with COO, Branch & Regional Managers and Sales & Marketing teams.
Analyze debtors on a monthly basis.
Monthly Debtors report to Regions.
Set monthly Target & its weekly follow up with Regions.
Visit Regions and branches on a regular monthly basis.
Visit KEY customers & brokers regularly.
Maintain Customer relationship.
Send cancellation notice to defaulters in line with SAMA guidelines and reduce the risk exposure.
Report those defaulters to Saudi Credit Bureau (SIMAH).
Supervise Customer reconciliation process with each branch units.
Track Balance confirmation process on a Quarterly basis.
Control & monitor Credit Control mechanism on defaulter accounts.
Give approvals to the Operation/tech teams on policy addition / deletion for the accounts that are defaulted and blocked.
Approvals to renewal of defaulted accounts.
Approve / reject new customers during business opportunity validation test after analyzing their credit worthiness.
Design and approve Installments to clients in line with the size of business and past payment history.

National Credit Control Manager at Al Alamia Insurance - RSA Insurance Plc Group
  • Saudi Arabia - Jeddah
  • January 2011 to September 2014

National credit Control Manager- Saudi Arabia
Al Alamia Insurance - RSA Insurance Plc Group 2011-2014
• Executed strengthen leadership in cash flow management, by enabling delivery of business strategy.
• Provided debtors analysis capability to support effective management as well as facilitated early warning and developed a "no surprise" culture.
• Initiated a culture of high performance, developed smart goals in line with RSA guide lines and improves the credit control functions.
• Developed a new credit policy in line with the SAMA and CCHI guidelines and successfully implemented and managed the debtors.
• Frequent Customer visit across Saudi to understand their needs and issues.
• Resolve disputes with customers and maintain them.
• Ensure accuracy in Invoicing and delivery


EARLIER CAREER

Credit Controller - Saudi Arabia at RSA Insurance
  • Saudi Arabia - Jeddah
  • January 2010 to January 2011

Frequent Customer visit
Branch Visit
Branch Audit on Credit Policy compliance
Resolve disputes with customers and maintain them.
Audit on Invoicing and delivery.
Trouble Shouting
Installment Approvals
Reconciliation of Accounts
Monthly reporting

Accounts Manager - Western Region at RSA Insurance
  • Saudi Arabia - Jeddah
  • January 2006 to January 2010

• Accounts Manager - Western Region
RSA Insurance -Saudi Arabia. 2006-2010

Re-Insurance Accountant at RSA Insurance
  • Saudi Arabia - Jeddah
  • January 2000 to January 2006

• Re-Insurance Accountant
RSA Insurance. 2000-2006

Education

Higher diploma, Certified Credit Risk Professional
  • at International Academy of Business and Financial Management
  • May 2016
Diploma, Insurance Foundation Certificate
  • at The Institute of Banking
  • May 2011
Diploma, Credit Management
  • at Stonebridge Associated College
  • July 2010

• Diploma in Credit Management Stonebridge Associated College - London

Diploma, Computer Application
  • at Kerala University
  • December 1992

Specialties & Skills

Building Customer Relations
Auditing
Cash Flow Management
Daily Operations
Credit Control
ACCOUNTANT
ACCOUNTS MANAGER
AND MARKETING
BUSINESS DEVELOPMENT
CONFIDENT
DOCUMENTATION
DOCUMENTATION CONTROL
NEGOTIATION
CREDIT MANAGEMENT
BUILDING AND MAINTAIN RELATION

Languages

English
Expert
Hindi
Expert
Tamil
Intermediate
Arabic
Beginner

Memberships

Insurance Institute of India
  • Permanent
  • January 2007
International Academy of Business and Financial Management
  • Yearly
  • June 2016

Training and Certifications

Credit Management (Training)
Training Institute:
Leoron Professional Development Institute
Date Attended:
June 2016
Duration:
50 hours
Anti Money Laundering (Training)
Training Institute:
Thomson Reuters
Date Attended:
October 2013
Duration:
16 hours
Advanced Financial Accouning (Training)
Training Institute:
Ernst & Young
Duration:
75 hours
Collections, Profit & Best Practice (Training)
Training Institute:
UNI StrategySingapore & Jon Ray Consultancy , UK
Date Attended:
October 2012
Duration:
24 hours

Hobbies

  • Badminton, Table Tennis, Travelling, Cinema,